FriendFinder Buys JigoCity for $65M

FriendFinder Networks Inc., the publisher of adult magazine Penthouse, said it will buy social commerce website JigoCity for up to $65 million in stock and warrants, Reuters reported. JigoCity is owned by BDM Global Ventures. FriendFinder operates a slew of social networking websites, including adultfriendfinder.com and cams.com.

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